How do you finance a Dell laptop if you have bad credit?

A:

Quick Answer

If a consumer's credit is too poor to qualify for financing through Dell, they need to look for financing through an alternative source like Amazon, Best Buy, or a private lender. If a consumer knows a person with good credit, they can ask them to co-sign a bank loan. With a signature loan from a bank or a credit union, a consumer can easily purchase a Dell laptop and pay for it slowly over time.

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Historically, it is easier to get a store credit card than it is to get a credit card from a bank, and if a consumer has been turned down by Dell's financing department, they need to apply for credit at other stores that sell Dell products. Amazon, Best Buy, and Walmart all sell Dell laptops, and they all offer store credit cards to qualified buyers.

If a consumer is turned away from those stores, there are still other options. For example, a consumer with a steady pay check can apply for a Payday loan and use those funds to buy a Dell laptop. The amount of a payday loan is determined by how much the consumer earns, but some states have a cap on how much the consumer can borrow, regardless of how much they earn. With a payday loan, a consumer may be able to buy a cheap Dell laptop, but they will have to pay back the loan by their next payday with astronomical interest rates.